All MCA Insight articles in January 2014 – Page 18
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OpinionRise of the hybrids
There’s a shift away from comforting ‘crisis’ foods that prevailed since the recession began. And you can watch this evolution beginning to become mass market entry points for more unusual cuisine and ethnic influences reaching and mixing across menus. But Mike Palmer, the founder of food and drink consultancy Lostincatering.com, asks when will large-scale operators pick it up?
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NewsGreene King managed lfls rise 6.3% over festive fortnight
Greene King, the brewer and pub operator, has reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year, including sales on Christmas Day up 12%
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Everards eyes six acquisitions in 2014
Everards managing director Stephen Gould has told M&C Report he hopes to add around six sites this year, as the company reports a 1.7% rise in profit before tax and exceptionals to £1.6m in the year to 30 September
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NewsJimmy’s further strengthens management team
Jimmy’s World Kitchen has further strengthened its executive team with the appointments of a new property director and operations director as it gears up for its next stage of growth
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Peach eyes acquisitions as festive lfls grow 7.1%
Peach, the Oxfordshire-based multiple pub operator, says it’s looking to secure one or two more new sites this year as it reports a 7.1% rise in like-for-like sales in December
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NewsHall & Woodhouse secures £20m loan
Hall & Woodhouse, the Dorset-based brewer and pub operator, has secured a £20m, three year loan from M&G Investments to help it acquire and and invest in new pubs
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NewsSugar campaigner: Responsibility Deal is 'crazy'
The chairman of the new campaign group that aims to reduce sugar in foods has told M&C Report he favours a voluntary approach, but if that doesn’t work “we’ll have to legislate” or push for a “sugar tax”
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Koh Thai Tapas begins £2m fundraising drive
Koh Thai Tapas (KTT), the Thai tapas concept, has announced plans to raise £2m via online loan funding platform Thincats, as it looks to double its estate to eight sites by the end of 2014
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NewsPalmers targets acquisitions and investments
Palmers, the Dorset-based brewer and pub operator, has told M&C Report that turnover in its tenanted pubs grew 5% in the year to November, and that it’s actively looking to make acquisitions and investments in 2014/2015
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NewsNew Year, new record for M&C20
A new year, and a record week for the M&C20 Leisure Index, which leapt 5.3% to a new high of 1,232 – driven by stellar share price performances from some listed pub and restaurant companies
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Columbo Group secures two renowned venues
Columbo Group, the London-based multiple operator headed by former Fabric head of promotion Steve Ball and Riz Shaikh, has bought two renowned bar and music venues in East London, M&C Report has learnt
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WPC Inns in administration
WPC Inns, the multiple operator led by Nick Long, has been placed into administration just over a year and a half after the business emerged through a pre-pack process out of Windsor Pub Company
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W&H eyes pipeline
Whiting & Hammond (W&H), the south east-based multiple operator, is looking to open up to three sites this year
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Rowley director secures first site
Scarlett Guess, one the directors behind London restaurant institute Rowley’s, has secured the first site for he a new all-day café concept called Poppy’s in Fulham
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Hummingbird Bakery spreads its wings
Hummingbird Bakery, the US-style cupcake chain, will open its sixth UK site and first outside central London, in Richmond next month
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Analyst corner
Simon French at Panmure Gordon looks ahead to next week’s trading updates from Greene King and Spirit Pub Company
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Interviews
Friday five-minute interview
M&C Report talks to Andrew Taylor, head of Leisure for Commercial Banking at NatWest and RBS, about his best investment, his best business decision and the best piece of advice he’s ever received
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Analysis & Insight
Why we must improve kitchen conditions
Jeremy King, OBE, co-owner of Corbin & King Restaurants, one of the most respected restaurateurs in the UK, writes in the latest issue of Restaurant, calling for the industry to adopt new working practices
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News
VisitEngland strengthens board
Culture Secretary Maria Miller has appointed two new members to the board of VisitEngland, chaired by Penelope, Viscountess Cobham
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NewsGov't launches £8m tech scheme for high streets
An £8m initiative under which businesses will compete for funding awards in order to trial innovative ways to attract people back to the UK’s high streets has been announced by the Government